Singapore’s Hoi Hup in £80m London property deal

Hoi Hup has bought 322 High Holborn and 44 Southampton Buildings from a client of Aberdeen Standard Investments. It is understood the Singaporean property developer paid more than £80m to acquire the two buildings. 322 High Holborn is a multilet building comprising 70,308 sq ft of office, retail and residential accommodation arranged over basement, ground and eight upper floors. 44 Southampton Buildings, totalling 17,444 sq ft, is single let on a 15-year lease to Beaumont Business Centres. The office is arranged over lower ground, ground and six upper floors. Felix Rabeneck, director in the central London investment team at Savills, which advised Hoi Hup, said: “322 High Holborn and 44 Southampton Buildings provide our client with a freehold, multilet investment opportunity with significant asset management opportunities and longer-term redevelopment potential in a strategic location.” Knight Frank acted for Aberdeen Standard Investments. To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette